Loar Holdings Inc. (NYSE:LOAR – Get Free Report) has received an average recommendation of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $88.00.
Several research firms have recently issued reports on LOAR. Royal Bank Of Canada lifted their price objective on shares of Loar from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Zacks Research raised Loar from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. Citigroup raised their price target on Loar from $71.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Weiss Ratings raised Loar from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, July 10th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $82.00 price objective (down from $91.00) on shares of Loar in a research report on Wednesday, July 15th.
Get Our Latest Stock Analysis on LOAR
Loar Price Performance
Loar (NYSE:LOAR – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. Loar had a net margin of 11.60% and a return on equity of 9.37%. The firm had revenue of $171.58 million for the quarter, compared to analyst estimates of $162.80 million. During the same period in the prior year, the firm earned $0.23 earnings per share. The business’s quarterly revenue was up 39.4% compared to the same quarter last year. Loar has set its FY 2026 guidance at 1.320-1.360 EPS. Analysts anticipate that Loar will post 1.2 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Loar
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its position in shares of Loar by 7,691.6% during the second quarter. California State Teachers Retirement System now owns 3,144,677 shares of the company’s stock worth $253,492,000 after purchasing an additional 3,104,317 shares in the last quarter. Capital International Investors boosted its position in shares of Loar by 61.8% in the 4th quarter. Capital International Investors now owns 7,218,814 shares of the company’s stock valued at $490,879,000 after purchasing an additional 2,757,297 shares during the period. Wasatch Advisors LP boosted its position in shares of Loar by 290.9% in the 2nd quarter. Wasatch Advisors LP now owns 2,624,649 shares of the company’s stock valued at $226,166,000 after purchasing an additional 1,953,148 shares during the period. Bank of New York Mellon Corp grew its stake in Loar by 837.1% during the 1st quarter. Bank of New York Mellon Corp now owns 933,216 shares of the company’s stock worth $53,464,000 after buying an additional 833,626 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in Loar by 98.0% during the 2nd quarter. Alliancebernstein L.P. now owns 1,520,064 shares of the company’s stock worth $130,984,000 after buying an additional 752,201 shares during the last quarter.
About Loar
Loar Holdings Inc is an aerospace and defense manufacturing company that designs, manufactures and sells highly engineered, mission-critical components and systems. Its products are used in commercial aerospace, business aviation, defense, space and select industrial applications, where reliability, performance and regulatory compliance are essential.
The company’s product portfolio includes engineered elastomeric and vibration-control components, thermal and acoustic management products, specialized sensors, electronic components, and other customized systems.
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